Non-profit Sector Continues to Grow

Nonprofit Quarterly reports that the non-profit sector is experiencing great growth, in comparison to for-profit businesses.

NPQ’s Jaclyn Lambert attributes much of the growth to implementation of the Affordable Care Act and an increase in support for education; though she also notes that 50 percent of organizations experienced a decrease in government funding (source: Urban Land Institute’s Nonprofit-Government Contracts and Grants: Findings from the 2013 National Survey). Other facts of note:
• The nonprofit sector has the third-largest workforce in the U.S.
• Public charities contributed over $800 billion to the 2010 economy.
• The sector increased wages by 6.5 percent (from 2007 to 2010)

Check out the article for more data and a great infographic!

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